Which type of protection plan do I need?

Knowing the functions of the different types of plan helps you decide what you need.

Whole life plans, critical illness plans, reducing term plans… with all these different plans available, it can be difficult to understand what each one does.

To get you started, we’ve identified some main concerns you may have and the types of plans that could be suitable for your needs.

If you are concerned about You may want to consider What does it do? What Singlife offers
Debt management and providing for family when you die Term plan or
whole life plan

Pays out a lump sum of money upon death. In addition, a whole life plan pays out any accumulated savings and bonuses.

Most insurers also offer add-ons called riders, which allow you to build on your protection plan to complement your coverage. This can include benefits such as critical illness, total and permanent disability cover (TPD), or premium waivers.

Singlife Elite Term

Singlife Whole Life

DIRECT- Singlife Term Life

DIRECT- Singlife Whole Life

Singlife Simple Term

Cost of medical bills Hospitalisation and surgical plan

Reimburses the cost of hospitalisation, surgical bills, including pre- and post-hospitalisation treatment and catastrophic outpatient treatment like cancer and kidney dialysis.

In Singapore, MediSave-approved Integrated Shield plans are available to enhance your MediShield Life coverage. You may also want to find out about different levels of coverage, as well as co-insurance and deductibles; they determine what plan you need and how much of the bill is borne by you.

Singlife Shield/ Singlife Health Plus
The cost of care in case of disability Long-term care plan Provides a monthly payout to help offset the cost of long-term care. In Singapore, from age 30, Singaporeans and PRs are eligible for the national CareShield Life scheme. Premiums can be paid from your MediSave and you can enhance your cover and payout with supplements.

Singlife ElderShield Standard/Singlife ElderShield Plus

Singlife CareShield Standard/Singlife CareShield Plus

Living expenses and debts if you’re unable to work due to critical illness Critical illness/ major illness plan Pays out a lump sum of money if you’re diagnosed with a critical illness that’s covered under your plan. Note that different plans may cover different types of critical illnesses and at different stages.

Singlife Multipay Crticial IIlness

Singlife Essential Critical Illness

Singlife Comprehensive Critical Illness


Loss of income due to disability Income protection plan Provides a monthly payout to replace the income you’ve lost, if disabled or unable to work from accident or illness. The maximum amount you can insure yourself for is typically capped at 75% of your salary. Singlife Disability Income



While all these plans provide important and distinct coverage, you may not have to get them all at once. Assess your current and future needs and situation, and start with the plan/s that is/are most crucial for you right now. You can gradually add other plans when you're ready. 

Updated on March 2022

Find out more about life insurance today

Leave us your details and we'll be in touch.

Thank you for your submission. 

Please enable javascript on your internet browser in order to use this form

By clicking "Submit", you consent to Singapore Life Ltd. (“Singlife”) and Singlife related group of companies contacting you to provide you with information concerning Singlife and Singlife related group of companies' products and services. You also consent to Singlife using, disclosing or transferring your personal data in this form to Singlife related group of companies, third party providers or intermediaries, whether located in Singapore or elsewhere, for the above purposes and for research, audit, regulatory and compliance purposes.

For details of Singlife's Data Protection Notice, please refer to www.singlife.com/pdpa. To withdraw your consent at any time, please call Singlife at +65 6827 9933.

One less thing to worry about

Subscribe to us for regular news updates, insights and tips on insurance, offers on products and services that’ll give you greater financial confidence.

Thank you for your submission. 

Please enable javascript on your internet browser in order to use this form

By clicking “Submit”, you consent to Singapore Life Ltd. (“Singlife”) and Singlife related companies contacting you to provide you with information concerning Singlife and Singlife related companies’ products and services and special offers which may be of interest to you.
For details of Singlife's Data Protection Policy, please refer to singlife.com/pdpa. To withdraw your consent at any time, please call Singlife at +65 6827 9933.

Important Information

Money Banter (the "Portal") is for general information only and does not take into account the specific investment objectives, financial situation, health condition and needs of any particular person. The contents of this Portal are intended merely for educational purposes and should not be construed as the giving of advice or the making of a recommendation. Nothing contained in this Portal shall constitute a distribution, an offer to sell or the solicitation of an offer to buy. We recommend that you discuss any specific matters with your financial adviser representative or legal adviser before making any decision. You are responsible for your own medical care, treatment and oversight, and any health-related content on this Portal, including, text, treatments, dosages, outcomes, charts, profiles, graphics, images, messages and forum postings are strictly information to promote general understanding of certain health topics only, do not constitute the providing of medical advice, and should not be relied upon as a substitute for professional medical advice, diagnosis or treatment. Always seek advice from a physician or other qualified health care provider regarding your medical condition or treatment and before undertaking a new health care regimen. This Portal may include information sourced from third parties and links to third party websites. We are not responsible for the accuracy or completeness of, and do not recommend or endorse such information or third party websites nor recommend or endorse any specific tests, physicians, products, procedures, opinions or other information. While we have taken reasonable care to ensure that the information on this Portal has been obtained from reliable sources and is correct at time of publishing, information may become outdated and opinions may change. Except to the extent prohibited by any law, we are not liable for any loss (including direct, indirect and consequential loss, loss of profits, loss or corruption of data or economic loss of any kind) that may result from the access or use of or reliance on the information on this Portal.  | Terms of Use | Privacy Policy

Protected up to specified limits by SDIC. This advertisement has not been reviewed by the Monetary Authority of Singapore.